Realty firms see jump in enquiries and purchases by Gulf-based NRIs

Covid-19-induced Job losses in West Asia, falling oil prices, and security of owning a house in one's native country are driving trend, say developers

Raghavendra Kamath & Samreen Ahmad | Mumbai/Bengaluru
Last Updated at June 4, 2020 04:58 IST

Bengaluru-based Puravankara sold 50 units to GCC buyers the past two months. Representative image.

Though real estate companies have been dealt a body blow by the nationwide lockdown, one segment of their market has witnessed a surprising uptick in enquiries and sales. Non-resident Indians (NRIs) based in West Asia are snapping up properties in India as they prepare to come back to the home country in the wake of the coronavirus pandemic.

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